IBS Group Solutions for Connected Car Space Recognized by Independent Research Firm

IBS Group Solutions for Connected Car Space Recognized by Independent Research

  PR Newswire

  RAMSEY, Isle of Man, January 22, 2013

RAMSEY, Isle of Man, January 22, 2013 /PRNewswire/ --

    Please refer to relevant legal information at the end of the document

IBS Group , a leading software development and IT services provider in Central
and Eastern Europe, announces that Luxoft, a member of IBS Group, was named
among the key four operating system, software and application developers
identified by Gartner, Inc. in the December 2012 report: "Innovation Insight:
The Connected Vehicle Will Dominate Automotive and Mobility Innovations."

Luxoft automotive practice focuses its innovative development work around each
of the four functional areas discussed by Gartner ' s VP and distinguished
analyst Thilo Koslowski , the author of the report: telematics, advanced
driver assistance systems (ADASs), infotainment and mobility services. Human
Machine Interface (HMI) is highlighted as one of the main differentiating
factors for connected vehicle offerings: " A key aspect of the attractiveness
of infotainment solutions, and an opportunity for differentiation, lies in how
consumers can use the information and entertainment content while operating
the vehicle. This puts a strong focus on human-machine interface (HMI)
technologies, ease of use and upgradability of infotainment user interfaces. "

Luxoft has been making significant impact in the automotive telematics and
infotainment space for years, working with the most recognized brands and
world's leading auto manufacturers. The Company has been developing advanced
infotainment and HMI frameworks, tools, and processes for 3D technologies for
the leading automakers and tier-one and-two suppliers for nearly a decade. In
line with natural evolvement of services within in-car infotainment and
telematics space, Luxoft engineers are also working on new user experiences
involving gestures to interact with the next generation of infotainment
systems in a very intuitive and dynamic way. Since 2012 this expertise is
being further honed at Luxoft's dedicated HMI Research and Development center
in Germany and includes development of platform technologies and user-friendly
interfaces (UIs) to improve in-vehicle app ergonomics and reduce driver

Anticipating the auto market trends, Luxoft engineering experts develop
product platforms that work as solution accelerators for OEMs and their first
tier suppliers. These platforms allow Luxoft's clients to build and bring to
market their own products in a faster and a more cost effective way. The
latest platform is called iviLink , which is the only available open source
automotive technology that provides seamless connectivity between in-vehicle
infotainment systems and any mobile device of choice - an important advantage
in consumer-centric market.

" We are very excited about our unique technology solutions in the connected
car space, such as iviLINK, " - said Vasily Suvorov, Head of Technology
Strategy at Luxoft . " Automotive industry will be going through a significant
transformation over the next 10 years propelled by breakthrough technologies
that change the purpose of a car from transportation mean into an information
medium. The potential impact from this on auto, engineering, consumer,
insurance, healthcare and other sectors will be immense. Luxoft ' s goal is to
become one of the best developers and implementers of HMI and other
groundbreaking technologies in this space, and we are honored to be included
as a key provider today by such prominent source as Gartner. "

About IBS Group Holding Limited

IBS Group is a leading software development and IT services provider in
Central and Eastern Europe. Through its two principal subsidiaries, Luxoft and
IBS IT Services, it offers a wide variety of information technology services,
such as software development and IT services outsourcing, IT infrastructure
and business applications implementation. IBS Group has business operations in
Russia, Ukraine, Romania, Poland, Germany, Switzerland, the UK, the USA,
Vietnam and Singapore. IBS Group employs more than 8,300 people worldwide. In
the year ended March 31, 2012, the Group reported US GAAP consolidated
revenues of USD816.3 million. IBS Group's Global Depositary Receipts are
listed on the Regulated Market (General Standard) at the Frankfurt Stock
Exchange (Bloomberg: IBSG:GR; Reuters: IBSGq.F)


The information contained in this press release is not for publication,
distribution or release, directly or indirectly, in any jurisdiction where
such publication, disclosure or release would be unlawful. This press release
does not constitute an offer for the sale of securities in the United States
of America, Canada, Australia, Japan or any other jurisdiction in which an
offer would be subject to legal restrictions.

For more information about IBS Group please visit http://www.ibsgr.com

Contact: Investor Relations: Andrei Novikov, IR Director, tel:
+7-(495)-967-8000 (ext.3095), anovikov@ibs.ru. Media Relations: Ekaterina
Beskhizhko, PR Manager, tel: +7-(495)-967-8080 (ext.2963), ebeshizhko@ibs.ru.
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